Souhoola, the Egyptian consumer finance company, has received initial regulatory approval to launch a new reloadable prepaid card. The launch is the result of a strategic partnership involving Banque Misr, Visa, and Modupay, which is acting as the specialised technical payment partner. The card is designed to serve Souhoola’s existing customer base as well as […]
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Ericsson and Mastercard have entered into a collaboration aimed at reshaping how money moves globally. the partnership integrates the Ericsson Fintech Platform (Mobile Financial Services) with Mastercard Move, which serves as Mastercard’s portfolio of money movement solutions. The collaboration aims to empower telecom service providers, banks, and fintechs to expand their digital wallet capabilities, […]
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Debeo, a new Leeds-based fintech, has officially launched what it describes as the UK’s first purpose-built online alternative finance platform to help small and medium-sized enterprises (SMEs) manage their true debt position. The platform has been designed to tackle the nation’s £90billion SME lending gap—a statistic highlighted by Allica Bank—and provide vital support to businesses […]
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The insurance industry has long been hampered by fragmented legacy systems and slow, complex processes. Seeking to remove these barriers is Wakam UK, a digital insurer purpose-built to provide agile, AI-native capacity for the next generation of MGAs and embedded platforms. Mark Christer, CEO of Wakam UK Wakam UK is a fully authorised digital insurer […]
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Emirates NBD, a leading banking group in the Middle East, North Africa, and Türkiye (MENAT) region, has launched a new service designed to help customers verify their carbon footprint based on their daily transactions. The new feature, dubbed the ENBD X Carbon Calculator, will be available directly within the ENBD X Mobile Banking app. It […]
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DailyPay, a platform for On-Demand Pay and financial wellness solutions, has closed a $200million upsizing to its secured credit facility. The latest injection increases the firm’s total committed capacity to $960million. With this expansion, DailyPay has now surpassed $1billion in total debt financing backed by its On-Demand Pay receivables. This milestone figure includes both the […]
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CUBE, a global provider of Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM), has acquired 4CRisk.ai (4CRisk). The Silicon Valley-headquartered RegTech business utilises an agentic AI platform to deliver policy and procedure mapping directly to regulatory obligations, controls, and risks. The power of agentic AI in compliance Founded in 2019, 4CRisk has developed a […]
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Quantoz Payments B.V., the Netherlands-headquartered payments technology company, has entered into a strategic partnership with Visa to become a direct Visa principal member. The agreement allows Quantoz to facilitate the issuance of virtual Visa debit cards and act as a BIN-sponsor for third-party fintechs and platforms. This infrastructure enables customers of these third-party platforms to […]
Explore MorePenny Software, the AI-driven digital procurement and spend-management platform, has officially opened a new UK office in Derby, marking a significant milestone in its global expansion. Founded in 2020 and headquartered in Riyadh, Saudi Arabia, the company provides a B2B digital procurement solution that currently serves enterprises across more than 75 countries. The new Derby […]
Explore MoreeNovate, a subsidiary of eFinance Investment Group, and Cobi, a UAE-headquartered AI-native customer intelligence platform, have entered into a strategic partnership to integrate AI-powered intelligence across Egypt’s digital payment ecosystem The collaboration, enabled through Mastercard’s Engage programme, is designed to redefine how young people across Egypt engage with digital financial services. By combining eNovate’s payment […]
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